Power Co. of Canada (OTCMKTS:PWCDF) had its price target upped by analysts at BMO Capital Markets from $35.00 to $38.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 28.12% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. CIBC raised their price target on shares of Power Co. of Canada from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. TD Securities increased their price objective on shares of Power Co. of Canada from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, March 18th. Desjardins increased their price objective on shares of Power Co. of Canada from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, March 22nd. National Bank Financial assumed coverage on shares of Power Co. of Canada in a research note on Friday. They set a “sector perform” rating on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Power Co. of Canada from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.14.
OTCMKTS:PWCDF traded up $0.52 during mid-day trading on Tuesday, reaching $29.66. 13,414 shares of the company’s stock were exchanged, compared to its average volume of 18,004. Power Co. of Canada has a one year low of $13.38 and a one year high of $29.78. The business’s fifty day simple moving average is $27.13 and its two-hundred day simple moving average is $24.03.
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia. It operates through three segments: Lifeco, IGM Financial, and GBL. The company offers life, disability, critical illness, accidental death, dismemberment, dental protection, creditor, and health insurance; retirement and investment management; asset management; and reinsurance and retrocession; investment advisory, financial planning, and related services; and fund, protection, and wealth management services.
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